LETTING & ESTATE AGENT

Natwest cuts BTL rates on back of increased "appetite to lend"

Natwest cuts BTL rates on back of increased "appetite to lend"

NatWest Intermediary Solutions has cut its standard buy-to-let two-year fixed range for purchase and remortgage products by 19-23 bps, as it continues to slash rates across its fixed rate mortgage offers.

The lender has reduced its two-, three- and five-year fixes as well as its residential remortgage fee-based loans by up to 0.25%.

Within the residential purchase range, rates have been reduced by between 5-25 bps on the two-year fixed rate deals and between 6-24 bps on the five-year fixed rate deals.

The three-year fixed rate 60% loan-to-value (LTV) fee product has also been reduced by 6 bps.

Natwest has also cut its rate for first-time buyers using the Help to Buy: Mortgage Guarantee Scheme by 10bps to 3.81% on its 95% LTV two-year fixed no fee product.

Mark Bullard, head of sales at NatWest Intermediary Solutions, commented: "Having broadened our product range in recent months, I am delighted that we are able to introduce a significant number of rate reductions - between 5-25bps - across the full LTV range.

"We continue to have an appetite to lend and have maintained an attractive range of mortgages offering brokers and their customers a great choice whether they are first-time buyers, homebuyers, remortgaging or buy-to-let investors."


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